Shanghai SIIC Transportation Electric Co., Ltd. (STEC)

Company Profile

■URL

http://www.stec-cn.com/en/

■Address

No.400, North Caoxi Road, Shanghai, 200030 China

Business Overview

-The Company is a manufacturer of automotive motors, electric appliances, and electronic appliances, including power window motors, electric horns, and engine immobilizer systems. It is a member of the Huayu Automotive Systems Company Limited, but essentially owned by Shanghai Automotive Industry Corporation (Group).

Shareholders

Unlisted As of Dec. 31, 2016
Shareholder Shareholding Ratio (%)
HUAYU Automotive Systems Company Limited 70%
Shanghai Automotive Industry HongKong Co., Ltd. 30%

Products

Auto Electric Appilances
-Wire Harnesses
-Electric Wipers
-Power Sunroofs
-Power Windows
-Central Locks
-Internal Door Modulars
-Electric Horns
-Relays
-Singal Flashers
-Electric Switches
-Ignition Cables
-Cigar Lighters

Auto Electronic Appliances
-Electronic Control Modules
-Door Lock Controllers
-Power Window Controllers
-Wiper Controllers
-Electronic Horn Controllers
-Anti-clip Controllers
-RKE Systems
-Immobilizer Systems

Auto Motors
-Electric Wipers
-ABS Motors
-Power Window Regulator Motors
-Actuator Motors

History

1951 Founded as the Shanghai Jianshe Transportation Parts Factory.
1956 Shanghai Jianshe Transportation Parts Factory came under ownership of both the state and a private company.
1966 Changed its name to Shanghai Transportation Electric Factory.
1987 Merged with Shanghai No.2 Auto Accessory Factory.
Nov. 1988 With capital invested from Hong Kong, established Shanghai Siic Transportation Electric Co., Ltd. as a joint concern.
1994 Independently developed power window motors, which were approved by Shanghai VW, for the Santana 2000.
June 1996 Jointly established Shanghai ITT Automotive Electric System Co., Ltd., with ITT of the US.
Oct. 1998 Valeo (of France) bought a stake in the company's subsidiary, Shanghai ITT Automotive Electric System Co., Ltd., and renamed it to Shanghai Valeo Automotive Electric Motors & Wiper Systems Co., Ltd.
Mar. 1999 Established Shanghai Brose Automotive Components Co., Ltd. with Brose International Co., Ltd. (Germany)
Dec. 1999 Jointly established a joint venture company called the Shanghai Delphi Automotive Door Lock & Security System Co., Ltd. with US based Delphi Co., Ltd. In 2002, the joint-venture company adopted a new name, Shanghai Delphi Automotive Door Systems Co., Ltd.
Aug. 2003 Established Shanghai Lear STEC Automotive Co., Ltd. jointly with Lear Corporation of the U.S.A.
Jul. 2004 Together with the small-car unit of ArvinMeritor Inc. (U.S.A.), the Company established Shanghai ArvinMeritor Automotive Parts Co., Ltd. as a 50/50 joint venture.
Mar. 2008 Shanghai Delphi Automotive Door Systems Co., Ltd. sold the entire 60 percent shareholding it had held in Shanghai Delphi Automotive Door Systems Co., Ltd. to Inteva Products, LLC, which is a wholly owned subsidiary of the Renco Group. The name of the joint-venture company was thereby changed to Shanghai Inteva Automotive Door Systems Co., Ltd.
June 2008 The Company sold the shares it held in Shanghai Valeo Automotive Electric Moto & Wiper System Co., Ltd. to Nidec.
June 2008 Established Nanjing Shenhua Automotive Electronic Co., Ltd. jointly with Donghua Automotive Industrial Co., Ltd..
July 2011 Inteva Products, LLC acquired ArvinMeritor's Body Systems business. Thus Shanghai ArvinMeritor Automotive Parts Co., Ltd. changed name to Shanghai Inteva Automotive Parts Co., Ltd. 
Nov. 2015 Baoding Shanghai SIIC Transportation Auto Part Co., Ltd., the wholly-owned subsidiary of the Company, established.

Supplemental Information 1